See how Washington’s bickering hit markets

Week in Charts: Claims surge in U.S., home prices fall in Europe

By

RuthMantell

Those who doubt whether Washington’s drawn-out spending debate has hit markets should take a look at this chart showing the yield on 1 Month Treasury Bills
US:1_MONTH.
As MarketWatch reporter Ben Eisen writes, these bills “have become one of the biggest victims in the debt-ceiling standoff engulfing Washington,” as yields recently jumped as high as 0.522%.

Yields have been rising as the U.S. approaches its debt ceiling, which will be reached next week. A Thursday evening meeting between House Republican leaders and President Barack Obama ended without a deal to re-open the government or raise the U.S. debt limit, though both sides agreed to keep talking. International economic experts say it would be best for the U.S. to agree to a new debt limit that pushes out the next deadline for longer than just a few weeks.

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